MicroStrategy’s Michael Saylor has been a strong Bitcoin supporter for a while now. His company has been buying BTC and continues to do so.
At the moment Bitcoin is suffering a correction and when writing this article, BTC is trading in the red and the king coin is priced around $64k.
Buying BTC is better than placing your cash into traditional assets
Now, it’s been revealed that Saylor is telling investors that buying Bitcoin is better than putting their money into traditional assets like stocks, bonds, and gold.
I understand the frustration, but if those who support sound money lose 98% of their wealth over a five year period because they chose #Gold over #Bitcoin, it really doesn’t help the cause. You can’t win the war for sound money by impoverishing yourself & your teammates. pic.twitter.com/408agEOu0e
— Michael Saylor⚡️ (@saylor) November 11, 2021
In a new interview with John Darsie, the director of business development at alternative investments firm SkyBridge, Saylor compares Bitcoin against other asset classes in the past 10 years.
“I think that over the course of a decade, Bitcoin’s [up] 170% a year, every year for a decade. Nasdaq is [up] 19% every year for a decade and the S&P is [up] 14% every year for a decade. Gold is [down] 6 basis points a year, every year for a decade. Long bonds, 240 basis points.”
Saylor also highlighted that BTC offers the highest returns and lowest risk among asset classes.
“The conclusion you come to is pretty clear. If you can stomach the volatility and the novelty of Bitcoin, you’re getting paid 10x. If you can’t stomach it, you sit in the S&P index.”
He also continued and said that BTC is one 21-millionth of all the money in the network forever, “so you’re getting away from the board of directors and the employee base and the regulatory nexus and the competition.”
Stay tuned for more news and make sure to keep your eyes on the crypto market.